Lundin Mining (TSE:LUN) Price Target Raised to C$53.00

Lundin Mining (TSE:LUN) had its target price hoisted by Raymond James Financial from C$43.00 to C$53.00 in a report released on Tuesday morning,BayStreet.CA reports.

LUN has been the topic of several other reports. BMO Capital Markets upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Friday, June 6th. Scotiabank upped their price target on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. National Bankshares upped their price target on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. downgraded shares of Lundin Mining from an “overweight” rating to a “neutral” rating and upped their price target for the company from C$15.30 to C$15.60 in a research note on Thursday, July 10th. Finally, Desjardins set a C$17.00 price target on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, June 19th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and a consensus price target of C$18.31.

Lundin Mining Price Performance

TSE:LUN opened at C$14.15 on Tuesday. Lundin Mining has a one year low of C$8.94 and a one year high of C$15.36. The company has a market cap of C$8.65 billion, a P/E ratio of 28.08, a P/E/G ratio of -0.26 and a beta of 1.66. The firm’s fifty day moving average price is C$13.94 and its two-hundred day moving average price is C$12.56. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Insider Transactions at Lundin Mining

In related news, insider Nemesia S.a.r.l. bought 900,000 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was bought at an average cost of C$12.65 per share, with a total value of C$252,934.00. Corporate insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.